What Is Uninsured Motorist Coverage?

To fully protect your vehicle in Minneapolis, MN, you should consider investing in uninsured/underinsured motorist coverage. Although Minnesota state law requires UI/UIM coverage, the state minimums may not cover the cost to replace your vehicle and pay for medical care if you get hit by a driver with no insurance. At Calhoun Risk Management, we can audit your existing coverage and make suggestions on the best way to protect your family.

Uninsured Motorist Coverage Explained

Most states, including Minnesota, have laws requiring drivers to carry certain auto coverage. However, not all drivers comply with the law. If one of them hits your vehicles, you are left to cover the cost of repair or replacement. However, with uninsured motorist coverage, your own insurance pays for vehicle damage caused by a driver who has no insurance.

What Does Uninsured Motorist Insurance Cover?

Here are different scenario typically covered by uninsured motorist coverage:

  • Uninsured motorist coverage reimburses you for damage caused by a driver with no insurance. If your automobile receives significant damage in an accident an uninsured driver causes, your uninsured motorist coverage kicks in to pay for damages up to your coverage cap. 
  • Uninsured motorist coverage often covers hit-and-run accidents. Whether you have a minor dent or a totaled vehicle, you may have to cover the damages if the responsible driver flees the scene of the accident without giving your insurance information.  If you don’t know who hit you, uninsured motorist coverage may pay for the damages, depending on how your policy is set up. 
  • Uninsured motorist coverage sometimes pays for bodily injury. Depending on what coverage you choose, your insurance may cover injuries you suffer from an accident caused by an uninsured driver. If your injuries exceed the coverage of your PIP policy, uninsured motorist coverage can provide additional protection from financial loss.

Contact Calhoun Risk Management in Minneapolis, MN to set up an appointment to discuss your insurance policy today.